How will the Nebraska housing market change in an economic downturn? The economy looks like it is going to take a sharp (hopefully brief) downturn in 2020. There are a ton of opinions out there about how it will affect…
How do you know if it will benefit you to refinance your home loan? A home refinance can benefit a homeowner in several ways. It can lower your rate and monthly payment. You can also take cash out with a…
If you live in Omaha, what are the first steps to getting a house loan? The first step to getting a mortgage is to talk to a local lender. With a brief phone call they can get a rough idea…
How does Loan-to-Value work on a home purchase? Loan to home value is the difference between the value or purchase price of your home and the loan amount you are taking out against it. If you have a $200,000 house…
If you are buying a home in Omaha NE, here is what you need to know about DTI. Debt to Income ratio is used to determine how much house you can afford. To determine your DTI, we will take the…
Is an FHA loan a good option for first time home buyers in Nebraska? Though the FHA (Federal Housing Administration) loan is not restricted to first time home buyers, many first time home buyers take advantage of the program. FHA…
How can a homeowner benefit from a cash out refinance? A cash out refinance is a way to take out some of the equity you have built in your home. The cash out can pay off your current loan while…
How does a refinance work? When you refinance your home loan what you are doing is opening a new loan and using those funds to pay off your current loan. There are many reasons to refinance your home besides a…
How do you start buying your first Omaha NE home? The hardest part about buying your first home is just knowing where to start. Do you find the home first? Do you meet with an agent? What about the home…
What is the difference between Pre-Qualified and Pre-Approved? A Pre-Qualification is a loan approval based on information the buyer has provided to their loan officer. A Pre-Approval is a loan approval based on a review of the buyer's income, asset,…
